Ways to Give

There are many ways that you can make a gift to the
Mount.

Checks/Cash

Checks should be made payable to Mount Saint Mary College, with
the notation “contribution” in the memo line. Contributions can be
mailed directly to the Office of College Advancement, Mount Saint
Mary College, 330 Powell Avenue, Newburgh, NY 12550. For
security purposes, cash gifts should be delivered in person.

Credit Cards/Online Giving

The College accepts VISA, MasterCard, and Discover. Credit card
donations can be made
online or by calling Advancement at 845-569-3355.

Securities/Stock

Gifts of securities may provide you with significant tax
savings. You may deduct the fair current market value on the date
the securities are transferred to the college.

PLEASE NOTE: Because the names
of donors are not included by policy with electronic
transfers, it is very important that either you or your broker
notify both our Trust Officer at US Bank (robert.hall2@usbank.com)
and the Office of College Advancement (joseph.valenti@msmc.edu
or 845-569-3215) of your gift prior to transfer.

Bequests

Including Mount Saint Mary College in your will can make a
lasting gift to benefit future generations of Mount students. You
can include a provision in your will requesting that the Mount
receive an exact dollar amount or percentage of your remaining
estate. You can also designate the Mount as the recipient of
tangible property.

Beneficiary designations

Naming the Mount as a beneficiary of an IRA, insurance policy,
or retirement plan may help your heirs to avoid or reduce income or
estate-related taxes while the full value of the plan benefits the
Mount. Certain types of life insurance policies may qualify for an
income tax deduction for a portion of the policy’s value.

Income-producing plans

The Mount’s income-producing plans permit donors’ gifts to be
invested to provide income for themselves or persons they
designate. A life income plan may have either one or two individual
beneficiaries. The income is paid for the life of each beneficiary
or for a set period of years. Ultimately, the gift assets become
available for use by Mount Saint Mary College for a purpose
designated by the donor.

Income-producing, or life income, plans include gift annuities,
charitable remainder trusts, and charitable lead trusts. A life
income plan can be a good way to make substantial future gifts to
the Mount after providing (and possibly increasing) income for the
donor, the donor’s family, or designees for as long as it is
needed.

Charitable trusts may be established with cash, securities, or
with certain kinds of property. The percentage of a life income
gift that is deductable for federal income tax purposes depends
upon the age(s) of the income beneficiary(ies), the rate of return,
the federal monthly discount rate, and the size of the particular
gift.

Advantages:

Create a life income for yourself and/or someone else age 50 or
older.

Claim a partial charitable income and an estate tax gift
deduction for the value of the remainder interest in the
trust.

Convert low-yield securities or other property to a form of
investment that has a better yield.

Receive professional investment management of the assets.

The possibility of making a gift of long-term appreciated
property without paying capital gains tax.

Gift Annuity

A gift annuity is a combination of a gift and an investment
whereby, in exchange for a gift of cash or marketable securities,
Mount Saint Mary College by contract guarantees to pay a fixed
quarterly payment for life to no more than two beneficiaries
designated by the donor. The annuity rates are based upon the ages
of the beneficiaries. Each gift annuity is established separately
and requires a gift of $10,000 or more.

Charitable Remainder Trust

Charitable Remainder Trusts that benefit Mount Saint Mary
College contain assets with yields that create income for one
or more individual beneficiaries. The assets are managed as
individual accounts. If you wish to establish a charitable trust,
you may do so during your lifetime or under your will. It is always
appropriate for you to consult an attorney or financial adviser for
personal advice when contemplating creation of a trust.

Unitrusts pay individual beneficiaries a fixed percentage of the
market value of the entrusted assets as valued each year. The
dollar amount will vary according to the performance of the trust.
By law, the annual amount must be a minimum of the smaller of the
trust income or 5% of the annual value of the trustee assets. Gift
additions may be made to a unitrust after it is established.

Annuity trusts pay individual beneficiaries a fixed dollar
amount quarterly each year. By law the annual payment must be equal
to 5% or more of the trust’s original assets. Additions to an
annuity trust are not permitted.

All gift annuities and charitable remainder trusts that benefit
Mount Saint Mary College are credited at the market value of the
gift on the date of that gift.

Charitable Lead Trusts

A lead trust is a beneficial way for a donor to transfer assets
to heirs after contributing substantially to Mount Saint Mary
College. Assets in a lead trust can appreciate without creating any
capital gains tax liability.

A lead trust provides a yearly gift from trust asset earnings to
the Mount for a fixed number of years. When the trust’s term of
years ends, its assets are distributed to the donor or the donor’s
heirs. A lead trust is thus the opposite of a charitable remainder
trust.

An estate or gift tax deduction is allowable for the yearly
income paid to Mount Saint Mary College. Because of this deduction
and avoidance of the capital gains liability, it is sometimes
possible for heirs to receive a larger estate after taxes than
would have been possible without the trust. Campaign credit is
given in the amount of the projected yearly payments to be made to
Mount Saint Mary College during the term of a lead trust.

Real estate

Gifts of real estate — especially property that has appreciated
in value — can provide many financial benefits while helping
to fulfill your philanthropic goals. Real property gifts may
include personal residences, vacation or seasonal homes, or
commercial real estate. In addition to outright or planned gifts of
real property, you can also donate a percentage interest in
a property or deed of a personal residence to the Mount but
retain the right to live in it for your lifetime.

Corporate matching gifts

You can significantly increase the value of a gift to the Mount
if you are employed by a company that matches gifts made to
higher education. Typically, matching gift employers such as IBM,
Verizon, and hundreds of others will match a contribution made by
either their employees (current or retired) or the spouses of their
employees. The Mount includes matching gifts in determining your
total giving level. To find out if your employer matches gifts to
higher education, contact your Human Resource department.

Tax benefits

Contributions may qualify as charitable deductions for federal
income tax purposes and may help to reduce gift or estate tax
liability. Tax information provided by the Mount applies only to
federal taxes since state tax laws vary. You should consult your
own advisers for assistance in analyzing your particular financial
situation.

Please call for further information

Members of the College Advancement staff can assist you with
questions related to contributions. Call 845-569-3215 for more
information or to set up an appointment with a member of the
College Advancement Office to discuss your options. All discussions
will be held in the strictest confidence.